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"Steben & Company was founded over 25 years ago to bring the potential diversification benefits of managed futures to financial advisors and high net worth investors," says Ken Steben, president and chief executive officer. "We are pleased to make this investment class available to a wider range of investors in a mutual fund format."

The Steben Managed Futures Strategy Fund brings together a diversified set of trading advisors from around the world who use both trend and non-trend following systems to trade futures and forward contracts in over 200 global futures markets.

The fund's investment objective is to seek positive long-term absolute returns with a low correlation to broad equity and fixed income market returns. The fund is available in four share classes.

"Our research and risk management team, under the oversight of the Steben investment committee, has a long history of manager screening, due diligence, selection and allocation," says Steben. "I'm excited to bring this level of experience and expertise to the marketplace in a product with a low minimum investment and daily liquidity."